Wednesday, December 9, 2015

Did you pay domestic employees in 2015?

Did
you pay domestic employees in 2015?

Nannies,
housekeepers, caregivers – the people who make your home life easier – are your
employees, and you're required to comply with income and payroll tax rules. For
2015, you'll need to withhold social security and Medicare taxes when you pay
your worker $1,900 or more during the year. You'll also need to provide
year-end tax forms and wage statements and file a special schedule with your
personal federal income tax return. Contact us for details